Ball bearings reduce friction and improve efficiency by minimizing frictional contact between machine parts. They allow linear or rotary movement between two surfaces. A ball bearing consists of several steel balls sandwiched between a stationary outer ring and a rotating inner ring. The sides often have shields or sealing rings to trap grease and keep the bearing as clean as possible. A ball bearing supports loads along its axis of rotation or perpendicular to its axis of rotation. Thrust bearings are the bearings which support loads along the axis of rotation and the bearings which support loads perpendicular to the axis of rotation are called radially loaded bearings. Ball bearings are generally used for small to medium sized loads and are suitable for high speed operation.
Geographically, the ball bearing market is segmented into North America, Europe, Asia-Pacific, and Latin America and Middle East and Africa (LAMEA).
Asia-Pacific is expected to witness the fastest growing ball bearing market during the forecast period 2019-2026. Countries such as China, India, Japan, Taiwan, South Korea and Singapore are seeing developments, prompting applications in various sectors including railways. , automotive and wind power. Additionally, due to the availability of cost-effective labor and raw materials, companies from developed countries in regions such as Europe and North America have started establishing their operations in Asia-Pacific. This increase in manufacturing activities will also contribute to the growth of industry in this region.
North America is expected to witness favorable growth over the forecast period (2019-2026), owing to increased vehicle production and heavy investment in automotive innovation in the region. According to the International Trade Administration (ITA), the United States exported 1.8 million new light vehicles and 131,200 medium and heavy trucks, worth more than $60 billion, to more than 200 markets in the world.
Europe has been a major producer of automobiles in the past and is expected to remain a top region during the forecast period. The large automotive sector in the region is expected to boost the ball bearing market.
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Ball Bearings market is split by Type and by end-use. Based on type, the market is segmented into deep groove, angular contact, thrust bearing and self-alignment. Deep groove ball bearings are widely used to support high radial load and moderate axial load. Angular contact bearings withstand radial and axial load depending on the magnitude of the contact angle. Self-aligning bearings are used for shaft and housing assembly. They are also used in the upper draw rolls and the main shaft of the ring spinning machine. Bearings with a contact angle greater than 45 degrees are called thrust bearings.
On the basis of end use, the market is segmented into process industries (general industries, mining, energy, construction, metal, cement, pulp and paper, and defence) and transportation (passenger cars, utility vehicles, railroads). iron, civil aerospace and others). Ball bearings are used in rotating manufacturing units in various process industries, where radial load needs to be managed. Passenger cars, utility vehicles and the like use ball bearings in the motor to spin the shafts.
Ball bearing market segmentation
- deep groove
- Angular contact
By end use
- Processing industries
- General industries
- Particular Cars
- Commercial vehicles
- North America
- The rest of Europe
- Asia – Peaceful
- South Korea
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Saudi Arabia
- South Africa
- United Arab Emirates
- Rest of LAMEA
“Critical information provided by the report:”
* Known and unknown adjacencies influencing market growth
* Explorable sources of income
* Analysis of customer behavior
* Target Partners
* Custom geographic data based on customers as well as competitors
* Analysis of market size and CAGR between forecast periods
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